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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Judy who wrote (14429)	11/16/1997 3:24:00 PM
From: Clay M	Respond to of 50167

Judy, I've read some of your posts here and you seem to have a handle on the techs. Assuming that we may be due for further rally, I would appreciate your opinion if you have any in mind where the charts don't look too bad, and fundamentally we might expect upside earnings surprises, analysts upgrades, etc. Also, any thoughts on the oil drillers. That was a good call you had re: shorting them. It seems to me that we have better than a 50-50 chance that the rally we saw the last couple of days may continue, even further than most people think. Looking at some of the sentiment figures(which seem to be as good as anything else in calling market turns), there may be some hope for the bulls. Take a look at: Ratio of trading volume in puts versus calls,Public/NYSE Specialists short sales,% Bullish Investment Advisors,Big down-tick readings shown for several days in a row, Slow options trading last week(I've been told this often happens at major bottoms). Of course, if all this doesn't jell, I think I'll keep my stops under last week's lows. Any advice you have will be appreciated. Thanks, Clay.